LABOUR went on the attack yesterday, accusing George Osborne of chasing headlines and an ideological assault on working families after he announced the slashing of tax credits in Wednesday’s Budget.

The Chancellor had boasted that his Budget would provide a “new contract” for the people of Britain.

But during a Commons debate yesterday, shadow chancellor Chris Leslie said that working families on low incomes, “trying their hardest to do the right thing,” would be hardest hit.